Hammered – how else can you describe the latest tech IPO stock values!

Hammered – how else can you describe the latest tech IPO stock values!

Posted on July 28th, 2012 by admin

Scuttlebutt about another tech bust abound, the talk is certainly qualified/quantified based on stock performance.

While no one is really a loser until they actually sell, Mr. Zuckerberg lost around $ 1.6 BILLION in just one day – OK so it’s just on paper and he has lots of billions in his other pockets, none the less, that is a massive reversal in net worth. So if he is 28 years old he lost the equivalent of $ 57 million for every year he has been alive or $ 156,000 every DAY he has been on this planet!

The other recent IPO’s have not fared very well with the exception of LinkedIn. The performance of Groupon is about as good as the coupons they offer – 75% off list/IPO price!!

It is tough times for these folks and will likely make new any new IPO a real challenge.

See the full article at “The New York Times